It doesn't seem to be business as usual. There have been many changes in the business and commercial world in Canada with the onset of U.S. tariffs on certain goods. The dairy company Saputo is blaming its U.S. rivals for its 37 per cent net income fall in the first quarter of the year. Saputo's CEO said the company is seeing some unusual things in a competitive market that the industry hasn't seen before, including the stockpiling of products.
But where the company is feeling most of the burn is with milk since competitors are increasing output. The plant is fighting back with its cheese sector since this is an area where Saputo excels at making it better and more efficiently than its competitors, according to the CEO. The problem lies in getting workers since many aren't willing to put in the overtime necessary to churn out extra product.
The company is hoping the labour shortage problem will be rectified soon and sees increased opportunities for mergers and acquisitions in the United States, Argentina, Australia and Europe. The company is waiting for the right opportunity to strengthen its global presence. Saputo's CEO said the company is in the driver's seat.
Business and commercial opportunities in Canada and abroad can be very exciting and, at the same time, quite complex. Getting a lawyer's experienced opinion before making large-scale business decisions may be a wise move for an entrepreneur or investor. Obtaining legal counsel may make a difference between wise business decisions and ones which a businessperson wish he or she didn't make.